CEI : Messy chart, but a weekly close > 3.35 will be very bullish
April 17, 2011 Leave a comment
CEI charts are a mess… lots of confusion and a none too predicatble series of patterns, which for us means the stock is best left alone bar the odd day trade here and there.
However on a longer term basis, a weekly close or two at 3.35 or better could be the prelude to a major move – to nearer 5, albeit wit 3.50 as a trouble spot too.
In the VST 3.02 and 2.94 are seen as important supports, and if this range holds this week, a move to between 3.35 and 3.50 should be seen quite soon.